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LSE

LSE

London Stock Exchange, which was founded in 1571 and now has a market cap of almost $5 trillion.

London Stock Exchange, which was founded in 1571 and now has a market cap of almost $5 trillion.

More terms

Synthetic ETFs

An ETF that that reproduces the return of an index through the use of swaps.

Packaged Retail and Insurance-based Investment Product (PRIIP)

An investment where, regardless of its legal form, the amount repayable to the retail investor is subject to fluctuations.

Spot Rate

The currency exchange rate a bank quotes, valid with immediate effect.

Money laundering

A method of moving money obtained illicitly through the financial system so it can be used legally.

SPAC

Find our what a SPAc or special purpose acquisition company is.

Know Your Customer (KYC)

A legal requirement for financial firms to understand exactly who their customers are. Used to prevent money laundering and terrorist financing.

LSE

London Stock Exchange, which was founded in 1571 and now has a market cap of almost $5 trillion.

Alpha

The percentage by which an investor outperforms a relevant benchmark.

Unicorn

A startup valued at over £1 billion. They are rare, hence the name.

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